The unlikely places in London to buy a £1 million penthouse
london — London’s eight-year housing boom means £1 million ($1.3 million) apartments are now being offered in areas historically associated with heavy industry and subsidised worker’s housing.
Telford Homes last week said it had sold three penthouse apartments in once-down-at-heel Stratford, the district that hosted the London 2012 Olympic Games, for more than £1 million. There’s plenty more for buyers to choose from — more than 780 penthouses are on sale in London for more than that amount, according to listings on real estate website Zoopla.
Tax hikes, high prices and economic uncertainty have stymied growth for homes in central London’s most expensive neighbourhoods even as government support for first-time buyers boosts values in the city’s outer districts. There are currently 13,600 London homes being offered for more than £1 million on real estate website Rightmove, more than double the 5,348 homes that sold above that level in the city in the first half of the year, according to the Land Registry.
Here are six penthouses in London that are on the market for at least £1 million in places you might not expect: Stratford Central, Stratford: £1.38 million; Borough, Southwark: £1 million; Tottenham Road, Hackney: £1.25 million; Royal Arsenal Riverside, Woolwich: £1.3 million; Miramar Lodge, Hendon: £1.25 million; and Royal Wharf, Silvertown: £1.05 million. — Bloomberg